International Industries appoints Mohsin Safdar as the CEO of IlL Americas mc

News Image

By MG News | January 22, 2021 at 10:31 AM GMT+05:00

0:00

January 22, 2021: The Board of International Industries Limited’s (INTL) wholly owned subsidiary IlL Americas Inc. has announced that after completing 40 years of Service in the Group with the last 2 as the Founder Chief Executive Officer, of INTL's wholly owned subsidiary in Canada IlL Americas mc, Mr. Mohsin Safdar will be handing over charge of IlL Americas mc, at the end of the third quarter of the current Financial Year.

Mr. Mohsin Safdar has played a pivotal role in laying the foundation of INTL's recent growth and diversification including becoming a multinational company with both IlL Americas Inc and IlL Australia Pty Ltd becoming profitable entities.

The board has over the last few months been taking actions to appoint his successor and is confident that a successor will takeover in a timely manner and a smooth transfer of responsibilities is carried out.

INIL is Pakistan's largest manufacturer of steel, stainless steel and polymer pipes with an annual manufacturing capacity of 817,000 tons and annual revenues of almost Rs.26 billion, a significant contributor to the country's foreign exchange inflow and a model corporate citizen.

Its exports over the last 5 years exceeded USD 238.4 Million and it has won FPCCI's export awards for the last 20 years, with sales to 60 countries. In last 5 years, the Company has also contributed over Rs. 19.3 Billion in duties and taxes to the national exchequer.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 132,891.17
72.85M
-0.38%
-512.02
ALLSHR 83,070.71
396.85M
-0.14%
-117.34
KSE30 40,416.83
27.17M
-0.58%
-234.63
KMI30 191,085.23
31.62M
-0.52%
-998.69
KMIALLSHR 55,732.78
199.77M
-0.21%
-114.91
BKTi 36,244.88
4.10M
-0.49%
-178.00
OGTi 28,279.22
6.21M
-0.56%
-158.39
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 109,050.00 109,545.00
108,625.00
-165.00
-0.15%
BRENT CRUDE 69.95 70.09
69.85
-0.20
-0.29%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
2.05
2.15%
ROTTERDAM COAL MONTHLY 106.65 106.65
106.25
0.50
0.47%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 68.11 68.27
67.78
-0.22
-0.32%
SUGAR #11 WORLD 16.15 16.37
16.10
-0.13
-0.80%

Chart of the Day


Latest News
July 09, 2025 at 10:52 AM GMT+05:00

Saudi Riyal available at PKR 76.4 in open market


July 09, 2025 at 10:00 AM GMT+05:00

VIS reaffirms entity rating of Gatron (Industries) Ltd


July 09, 2025 at 09:45 AM GMT+05:00

PM emphasizes local resource use to boost exports



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg